News
Safeguard duty on key chemical to impact rubber industry
27/07/2011
NEW DELHI: Margins of tyre and rubber industry will take a hit after India has deciding to impose steep safeguard duties on a key chemical used in processing despite protests from the European Union and the US. The safeguard duty on the chemical (PX-13) is aimed at protecting the domestic industry against a surge in imports causing losses. It will be levied at 30% of the imported value in the first year and 25% in the second year, as per a notification. India is largest producer of the chemical.
Vietnam hauls in WTO win on shrimp duties
25/07/2011
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